Trea­sury bond fu­tures close higher

China Daily (USA) - - BUSINESS -

China’s trea­sury bond fu­tures closed higher on Wednes­day, with the con­tract for set­tle­ment in De­cem­ber 2016 clos­ing 0.03 per­cent higher at 101.615 yuan ($15.24). The March 2017 con­tract closed 0.03 per­cent higher at 101.32 yuan. The June 2017 con­tract closed 0.02 per­cent higher at 101.01 yuan. The con­tracts are agree­ments to buy or sell trea­sury bonds at a pre­de­ter­mined price and set date. They al­low in­vestors to bet on and profit from the move­ments in the value of the bonds.

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